Belarus paid $2 billion of external public debt in 2021, Prime Minister Roman Golovchenko said. According to him, another $280 million will be used for this purpose by the end of the year.
In September, Russian President Vladimir Putin announced after talks with his Belarusian counterpart Alexander Lukashenko that he would lend $630-640 million to Belarus from September 2021 until the end of 2022.
In late November, the Ministry of Finance of Belarus reported that since the beginning of 2021, external public debt of Belarus has increased by 5.8% ($1 billion). Domestic public debt has increased by 16.2% ($1.4 billion) YTD and amounted to $10.2 billion. In September, the international rating agency S & P changed its outlook on the credit rating of Belarus from “stable” to “negative”. On December 2, the U.S. imposed sanctions against Belarus, including with regard to government debt.